1Neither the Company nor its agents or advisors give tax, accounting or legal advice. Consult your professional advisor in these areas.
- Financial Services
- Fixed Annuities
Ready, set, earn for your future with a fixed annuity.
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Stability and Flexibility
Fixed annuities offer a fixed interest rate, ensuring your account will grow at a steady rate. To give you the flexibility you need, we offer multiple options for the length of the contract.
With annuities, you can accumulate earnings on a tax-deferred basis, which means you don’t pay income tax on your earnings until your money is withdrawn. This typically happens at retirement, when your tax bracket may be lower. This can allow the value of your annuity to grow more quickly than a taxable investment earning the same return.
When it comes to receiving income, if you choose to, you can start receiving an annuity income stream upon reaching age 59½ (any earlier and you could be charged penalties). When you’re ready to receive your annuity income stream, you can receive payments monthly, quarterly, annually, etc.1 – whatever is best for your situation. You can also decide on how you want to structure your annuity income stream. Do you want an income stream for a certain number of years, in a certain dollar amount or as long as either you or your spouse are alive?
Financial Protection for Others
If you die before your annuity payout begins, your beneficiaries will receive the accumulated value of the annuity. Death proceeds are paid directly to your beneficiaries, so there should be fewer costs or delays in receiving the proceeds. Funds received may be subject to income tax.
Strength for Your Future
Annuities can be one valuable component of a strong retirement strategy. Let’s talk about how an annuity can complement your overall approach.